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In the most recent quarter, business was slow for Harmonic. The company reached a record backlog, which gives optimism for the future as a new CEO prepares to take over.
Harmonic Inc. (NASDAQ:HLIT ) Q1 2024 Results Conference Call April 29, 2024 5:00 PM ET Company Participants David Hanover - Investor Relations Patrick Harshman - President and Chief Executive Officer Nimrod Ben-Natan - SVP and General Manager of Harmonic's Broadband Business Walter Jankovic - Chief Financial Officer Conference Call Participants Simon Leopold - Raymond James George Notter - Jefferies Steven Frankel - Rosenblatt Securities Ryan Koontz - Needham & Company Tim Savageaux - Northland Capital Markets Operator Hello, and thank you for standing by. Welcome to the First Quarter 2024 Harmonic Earnings Conference Call.
Harmonic (HLIT) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.12 per share a year ago.
Harmonic (HLIT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Harmonic Inc. (HLIT) Q4 2023 Earnings Call Transcript
Harmonic (HLIT) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.17 per share a year ago.
Harmonic is down from its high of $18 per share but still has growth potential in its SaaS segment. HLIT operates in the SaaS market, which is expected to reach $408 billion by 2025, and HLIT has a target market of $1.3 billion. HLIT's Q4 revenues are expected to be $45-$55 million, and the company is aiming for revenues of $620 million for FY2024.
SAN JOSE, Calif. , Jan. 16, 2024 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced it will release its fourth quarter and full year 2023 financial results after the market close on Monday, January 29, 2024.
The new credit facility augments Harmonic's (HLIT) liquidity and enables it to better focus on its multi-year growth plan.
SAN JOSE, Calif. , Nov. 21, 2023 /PRNewswire/ -- Harmonic (NASDAQ: HLIT) today announced that Walter Jankovic, CFO of Harmonic, will participate in a fireside chat at the Raymond James 2023 TMT and Consumer Conference in New York on December 4 at 11:15 a.m.